Excelsior Mining Corp (EXMGF)

[KashGreen]

Excelsior Mining Provides Litigation Update
Phoenix, Arizona--(Newsfile Corp. - September 2, 2022) - Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQX: EXMGF) ("Excelsior" or the "Company") announces that the British Columbia Supreme Court, in MM Fund v. Excelsior Mining Corp. 2022 BCSC 1541, a purported class action brought by MM Fund, has granted the application by Excelsior to strike MM Fund's certification application and further ordered MM Fund to remove all pleadings relating to advancing a class proceeding against Excelsior. Excelsior was awarded its costs of the application in any event of the cause. MM Fund's action may continue as an individual claim; however, MM Fund has been found to be incapable advancing the action as a class proceeding.

ABOUT EXCELSIOR MINING

Excelsior "The Copper Solution Company" is a mineral exploration and production company that owns and operates the Gunnison Copper Project in Cochise County, Arizona. The project is a low cost, environmentally friendly in-situ recovery copper extraction project that is permitted to 125 million pounds per year of copper cathode production. Excelsior also owns the past producing Johnson Camp Mine and a portfolio of exploration projects, including the Peabody Sill and the Strong and Harris deposits.

For more information on Excelsior, please visit our website at www.excelsiormining.com.

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Excelsior Mining Corp.